premium motor spirit (petrol) price watch-11.06 0.02 average yoy mom may 2019 145.03-3.42-0.61...

Report Date: December 2019

Premium Motor Spirit (Petrol) Price Watch

(NOVEMBER 2019)

Data Source: National Bureau of Statistics (NBS)

Executive Summary 1

Average PMS Prices Across States

Average PMS Prices Across Zones

12 Months Average Prices

Appendix - Tables

Methodology

Acknowledgment and Contact

2

3

4

5

6

7

Contents

Average price paid by consumers for premium motor spirit (petrol) decreased by -1.03% year-on-year and

increased by by 0.32% month-on-month to N145.94 in November 2019 from N145.48 in October 2019.

States with the highest average price of premium motor spirit (petrol) were Abia (N150.69), Cross River

(N150.41) and Adamawa (N149.85).

States with the lowest average price of premium motor spirit (petrol) were Borno (N141.50), Akwa-Ibom

(N143.83) and Benue (N144.17).

Executive Summary

11Premium Motor Spirit (Petrol) Price Watch – November 2019

AVERAGE

N145.94

YoY = -1.03%

N147.46

November 2018 Average

MoM = 0.32%

N145.48

October 2019 Average

STATES WITH THE HIGHEST AVERAGE PRICES IN NOVEMBER 2019

STATES WITH THE LOWEST AVERAGE PRICES IN NOVEMBER 2019

CROSSRIVER

ABIA

ADAMAWA

Nov-19 YoY% MoM%

BENUE

AKWA IBOM

BORNO

Nov-19 YoY% MoM%

141.500.01 2.45

150.41

149.85

1.94

0.34

2.36

3.56

-7.47 -2.79

-0.68

-1.76-4.16144.17

143.83 -0.49

Premium Motor Spirit (Petrol) Price Watch – November 2019

Average PMS Prices Across States

150.69

2Premium Motor Spirit (Petrol) Price Watch – November 2019

AVERAGE

Borno - N141.50

Adamawa - N149.85

Highest

Lowest

Oyo - N144.38

Lagos - N145.78

Highest

Lowest

NW

NE

NC

SW

SE

SS

Akwa Ibom - N143.83

Lowest

Cross River - N150.41

Highest

Abia - N150.69

Highest

Anambra - N145.00

Lowest

Benue - N144.17

Niger - N146.33

Highest

Lowest

Lowest

Kebbi - N148.24

Highest

NORTH WEST

NORTH EAST

NORTH CENTRAL

SOUTHWEST

SOUTHSOUTH

SOUTHEAST

N145.63 N146.06 N145.29 N145.05 N147.75N146.35

Average PMS Prices Across Zones

3

Jigawa - N144.29



AVERAGE

12 Months Average Prices

November 2018

Average

YoY

MoM

147.46

1.27

0.16

Average

YoY

MoM

Average

YoY

MoM

145.78

-15.14

-1.14

December 2018

145.94

-1.03

0.32

November 2019

4

Average

YoY

MoM

June 2019

145.36

-1.84

0.22

Average

YoY

MoM

January 2019

145.70

-23.67

-0.05

Average

YoY

MoM

February 2019

145.29

-15.75

-0.28

Average

YoY

MoM

April 2019

145.92

-3.61

0.41

Average

YoY

MoM

March 2019

145.32

-11.06

0.02

Average

YoY

MoM

May 2019

145.03

-3.42

-0.61

Average

YoY

MoM

July 2019

145.03

-1.22

-0.23

Average

YoY

MoM

October 2019

145.48

-1.19

-0.04



Average

YoY

MoM

August 2019

145.48

-0.96

0.31

Average

YoY

MoM

September 2019

145.53

-1.22

0.03

AVERAGE PETROL/ PREMIUM MOTOR SPIRIT

PRICES PER LITRE NGN Year on Year % Month on Month %

State Jan-16 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 (Nov 2018-Nov 2019) October 2019/November 2019

Abia 129.3 150.4 148.5 151.9 149.7 147.0 144.7 144.5 147.86 147.50 220.40 227.50 191.13 164.50 147.55 145.45 146.33 146.50 147.00 146.30 147.67 150.67 144.72 144.65 145.93 146.12 146.29 145.64 145.67 145.24 146.71 146.73 147.09 150.69 0.01 2.45

Abuja 99.6 145.0 145.0 145.0 145.0 145.0 143.5 142.0 144.00 144.00 146.53 160.00 145.00 145.00 144.95 144.96 144.50 145.00 144.60 144.00 144.56 144.40 144.95 144.20 144.50 144.00 144.67 144.00 144.20 143.00 145.33 143.17 143.50 144.20 -0.14 0.49

Adamawa 93.5 153.3 156.7 160.0 162.5 160.0 144.0 143.0 146.67 145.00 170.00 170.00 150.00 173.00 160.33 150.11 145.00 145.29 148.33 150.00 150.83 149.33 145.00 145.00 143.78 145.14 146.60 145.44 145.80 143.25 146.37 145.00 144.70 149.85 0.34 3.56

Akwa Ibom 120 149.3 147.5 149.4 149.6 145.0 144.6 143.3 146.00 150.33 166.50 201.25 183.89 164.00 154.00 159.44 145.00 145.58 145.42 145.50 145.00 144.55 145.00 145.00 144.78 145.00 145.91 145.50 145.00 145.42 145.00 145.00 144.82 143.83 -0.49 -0.68

Anambra 119.8 148.0 147.7 147.9 148.3 147.1 144.6 144.1 145.71 145.86 210.00 211.67 183.67 166.88 151.33 150.87 151.43 145.85 145.14 144.88 145.00 145.00 145.42 144.90 144.87 144.57 146.90 145.62 145.35 146.15 145.41 146.54 146.15 145.00 0.00 -0.79

Bauchi 117.3 147.8 150.5 147.5 152.5 145.4 145.0 144.6 147.38 144.90 159.75 186.88 151.00 145.57 144.17 144.93 147.90 145.40 143.89 144.00 144.57 144.46 144.20 145.25 144.50 143.89 145.67 144.50 145.50 143.90 145.00 144.00 144.00 148.21 2.60 2.93

Bayelsa 96.1 161.3 159.1 153.5 160.4 145.0 144.8 147.1 147.08 150.50 172.69 187.14 206.82 178.00 158.00 154.62 152.92 151.67 151.00 150.00 148.00 147.08 150.00 145.78 145.25 145.25 148.64 146.00 146.25 145.55 146.78 146.75 146.69 146.45 -0.43 -0.16

Benue 121.7 152.5 155.0 158.2 151.3 159.1 143.5 143.6 150.83 145.50 172.67 223.33 155.00 153.53 156.25 160.31 146.43 146.30 145.50 150.40 153.33 150.43 146.60 150.09 146.09 144.75 145.83 143.60 144.00 145.17 145.16 147.17 146.75 144.17 -4.16 -1.76

Borno 96.4 151.0 160.5 160.0 152.9 160.5 144.5 144.4 145.23 147.00 159.44 185.48 200.29 169.55 160.00 166.08 162.17 155.00 157.00 147.00 152.17 152.92 149.50 145.63 145.89 146.27 146.82 144.36 145.18 145.82 146.50 145.10 145.56 141.50 -7.47 -2.79

Cross River 115.2 148.1 147.8 149.6 148.4 145.0 143.4 144.0 148.40 145.00 207.14 175.38 187.63 174.50 154.50 151.58 145.75 145.56 147.92 150.00 149.22 147.55 145.00 144.69 145.07 146.50 147.41 145.78 146.07 145.92 146.76 147.50 146.94 150.41 1.94 2.36

Delta 98.5 145.0 145.9 145.0 145.8 145.0 144.7 144.6 145.00 145.86 175.00 202.65 170.71 171.50 146.67 147.69 145.00 145.00 145.00 150.92 150.67 144.82 145.00 144.85 145.38 145.00 145.27 144.73 145.00 145.00 145.20 146.54 146.58 147.54 1.88 0.65

Ebonyi 132.1 152.1 157.5 152.5 156.4 147.9 144.3 145.5 148.57 148.57 162.50 220.65 178.13 160.83 147.86 146.14 146.14 145.88 146.14 145.86 146.57 145.18 145.14 145.31 145.59 145.14 146.14 146.25 145.17 146.43 146.14 145.43 145.43 146.67 1.02 0.85

Edo 100.3 149.6 150.3 145.3 145.0 145.0 144.8 144.9 145.06 145.75 170.00 220.00 190.31 172.11 152.11 145.36 145.00 145.00 145.00 145.00 145.00 145.00 145.00 145.25 145.33 144.77 145.00 145.00 144.73 145.00 145.00 145.00 144.46 144.85 -0.11 0.27

Ekiti 106.1 145.0 145.0 145.0 145.0 145.0 144.7 143.1 143.73 146.17 146.00 160.24 181.18 173.89 145.00 147.71 145.32 145.00 144.23 145.94 144.65 145.47 145.29 144.00 143.47 145.00 145.00 144.45 145.00 144.80 145.00 144.94 145.60 144.79 -0.47 -0.56

Enugu 128.3 154.5 152.9 152.0 154.5 149.0 145.0 145.8 147.17 145.00 200.50 183.12 163.86 169.13 148.91 150.30 153.05 149.44 146.78 153.88 146.52 147.29 145.24 145.27 145.31 145.41 146.17 143.55 145.42 145.93 145.45 146.30 145.94 148.33 0.71 1.64

Gombe 99.9 145.0 152.7 172.5 167.5 152.7 144.0 145.0 144.80 145.00 160.00 157.73 153.50 154.13 154.43 153.67 150.25 142.79 147.08 150.10 151.25 154.72 150.20 145.87 144.63 145.92 145.58 141.08 144.58 144.33 146.11 144.91 144.40 145.67 -5.85 0.88

Imo 131 149.5 148.9 148.8 147.6 147.4 143.4 145.1 147.75 144.40 160.59 172.92 200.83 173.86 149.40 149.50 149.77 150.87 145.87 146.43 145.43 142.50 146.18 145.62 143.18 145.71 146.47 145.68 145.47 145.33 145.62 145.57 146.31 148.05 3.89 1.19

Jigawa 104.7 148.3 145.6 147.3 145.8 145.7 143.9 145.2 143.80 145.50 165.00 200.26 150.14 180.93 160.46 154.00 146.29 146.29 145.25 150.00 144.29 144.29 144.21 145.69 145.29 144.94 145.00 145.00 145.00 145.00 145.45 145.36 145.45 144.29 0.00 -0.80

Kaduna 95.7 153.0 145.0 148.7 148.8 145.0 144.8 145.5 144.83 145.00 162.81 215.91 165.86 147.29 153.85 150.81 150.75 150.75 151.48 150.53 150.75 156.75 145.25 146.22 146.08 144.44 144.69 144.80 144.69 144.80 144.68 144.13 144.69 145.75 -7.02 0.73

Kano 99.1 145.0 147.9 145.4 145.3 145.0 144.2 144.6 144.27 144.93 165.00 182.14 155.00 147.19 145.16 144.87 145.79 144.78 144.89 144.87 145.79 147.79 144.87 145.00 145.00 145.21 145.35 145.35 145.35 145.35 145.35 144.86 145.35 145.79 -1.35 0.30

Katsina 95.5 145.9 145.8 145.0 150.3 145.0 144.4 144.1 143.73 144.08 160.00 209.32 160.15 156.67 147.83 144.82 144.95 144.00 144.08 143.63 144.45 144.45 144.31 145.00 145.00 145.23 143.50 142.50 144.13 142.50 142.50 145.50 145.00 144.45 0.00 -0.38

Kebbi 117.1 153.8 160.5 157.9 157.1 145.0 145.0 145.6 148.55 145.00 210.08 181.33 200.25 177.65 163.71 152.22 158.24 148.42 152.94 150.00 155.24 158.24 146.15 146.00 145.56 146.75 147.07 146.00 146.43 145.00 145.21 146.63 146.21 148.24 -6.32 1.38

Kogi 127.1 154.0 146.5 148.9 148.9 146.7 144.6 144.6 146.67 145.00 200.00 152.83 194.81 163.33 160.79 159.17 150.91 148.89 150.13 147.15 148.33 147.86 146.67 145.82 145.50 146.09 147.88 146.00 147.91 143.00 146.75 145.00 145.44 145.18 -1.81 -0.18

Kwara 112.6 145.0 148.8 153.0 145.5 145.9 145.0 144.1 145.75 145.00 170.00 206.18 156.25 160.00 145.00 145.73 145.83 147.22 152.86 145.71 150.89 145.33 146.11 145.62 145.38 144.78 146.86 146.14 146.00 146.67 146.66 146.67 146.14 146.00 0.46 -0.10

Lagos 91.1 147.5 147.9 145.0 145.7 145.3 143.3 143.2 144.33 144.33 149.87 161.43 145.00 155.25 148.10 145.81 144.91 145.81 145.00 147.38 145.00 145.05 145.00 144.87 144.88 145.00 145.00 144.90 145.25 144.61 145.00 145.05 145.00 145.78 0.50 0.54

Nassarawa 120.5 145.9 149.7 148.1 146.1 149.4 143.0 145.0 145.67 144.00 180.00 168.13 150.17 165.53 145.92 145.25 145.14 145.71 146.23 147.14 145.79 147.87 145.36 145.00 145.26 146.33 146.83 145.46 145.09 145.25 145.25 145.25 145.50 145.46 -1.63 -0.03

Niger 112.3 149.4 147.0 145.6 148.7 148.4 144.3 144.3 145.00 145.50 170.00 176.11 155.00 165.38 145.56 145.88 147.27 147.27 146.00 145.73 145.50 146.80 147.27 145.38 145.43 144.92 145.91 146.11 146.13 145.83 145.62 145.83 145.60 146.33 -0.32 0.50

Ogun 92.5 144.9 145.0 145.0 145.0 145.0 143.5 142.9 144.56 144.73 168.00 203.25 147.06 169.41 145.31 146.94 147.19 147.19 146.13 148.05 144.87 145.07 145.00 144.44 143.06 145.00 145.00 145.12 145.00 145.60 145.00 145.80 145.00 145.38 0.22 0.27

Ondo 120.1 146.3 145.2 145.3 145.3 145.0 143.3 142.9 145.59 144.90 160.00 219.38 187.05 162.38 145.95 145.33 145.55 146.76 145.78 145.73 145.32 145.15 145.88 144.00 145.63 145.18 145.50 145.11 145.25 146.47 145.75 145.31 145.05 145.33 0.13 0.19

Osun 100.5 145.0 145.0 145.0 145.0 145.0 145.0 142.8 144.47 144.33 168.00 228.89 154.33 145.44 145.86 145.00 145.85 144.80 144.67 147.43 145.00 145.23 145.00 148.83 145.89 145.00 145.00 145.53 145.00 145.00 145.00 145.00 145.00 144.63 -0.42 -0.26

Oyo 91.5 145.7 145.3 145.3 145.5 146.1 143.2 143.3 144.31 145.13 167.50 199.17 165.00 149.12 145.11 145.00 144.30 144.72 144.28 145.79 144.50 144.89 145.56 150.50 146.50 145.00 145.25 144.65 145.53 144.45 145.88 144.76 145.21 144.38 -0.36 -0.57

Plateau 147.5 149.6 146.5 145.6 148.5 145.8 146.4 145.3 145.11 143.60 170.00 214.23 174.56 157.86 145.00 145.75 146.67 145.00 145.00 145.66 145.00 146.67 145.00 146.42 146.55 144.43 145.43 145.71 144.78 145.00 146.00 146.00 146.00 145.71 -0.65 -0.20

Rivers 102.5 151.3 149.6 157.4 145.6 146.0 145.8 145.6 145.35 147.00 160.00 197.50 194.75 165.94 155.94 150.91 148.58 145.26 145.00 145.00 145.00 145.00 145.00 145.35 144.71 145.38 145.56 145.31 146.23 145.00 145.00 145.17 145.26 145.00 0.00 -0.18

Sokoto 110.5 152.9 150.0 157.9 150.7 145.0 145.3 143.6 146.00 145.88 168.00 205.83 180.33 162.86 158.33 158.57 154.20 145.00 145.00 145.00 144.20 144.20 144.43 145.14 145.43 145.83 145.71 145.71 145.71 145.71 145.71 146.25 145.71 145.20 0.69 -0.35

Taraba 120.7 148.0 158.6 162.0 156.3 157.7 145.0 146.1 145.00 146.66 166.11 164.44 201.29 184.38 156.00 153.89 150.88 151.82 150.29 152.86 153.00 155.46 150.27 150.00 150.55 147.00 147.00 145.56 146.00 145.70 145.18 145.50 145.50 145.86 -6.18 0.25

Yobe 96.8 161.7 158.3 156.4 168.0 170.0 145.3 149.7 152.50 145.75 166.00 171.00 196.11 166.67 154.17 153.33 146.25 148.75 146.25 146.25 146.25 150.77 143.33 145.73 145.08 147.55 147.82 145.64 146.00 144.36 145.00 146.00 146.20 145.25 -3.66 -0.65

Zamfara 91.6 147.0 145.3 146.8 146.3 145.9 145.4 144.2 144.94 144.70 170.00 159.12 155.00 152.35 158.14 154.12 147.72 147.72 148.14 147.10 147.72 147.72 146.63 144.56 145.50 144.39 144.43 144.43 144.43 144.43 144.33 144.94 144.33 145.72 -1.35 0.96

AVERAGE 109.60 149.39 149.87 150.69 150.28 148.21 144.43 144.52 145.99 145.60 171.79 190.87 172.46 163.39 151.40 150.17 148.09 146.82 146.90 147.33 147.23 147.46 145.78 145.70 145.29 145.32 145.92 145.03 145.36 145.03 145.48 145.53 145.48 145.94 -1.03 0.32

Year on Year 5.70 9.37 1.02 -0.35 -1.46 -0.94 1.71 1.95 0.85 1.27 -15.14 -23.67 -15.75 -11.06 -3.61 -3.42 -1.84 -1.22 -0.96 -1.22 -1.19 -1.03

Month on Month -8.40 0.32 0.55 -0.27 -1.38 -2.55 0.06 1.02 -0.27 17.98 11.11 -9.65 -5.26 -7.34 -0.81 -1.38 -0.86 0.06 0.29 -0.07 0.16 -1.14 -0.05 -0.28 0.02 0.41 -0.61 0.22 -0.23 0.31 0.03 -0.04 0.32

STATES WITH THE HIGHEST AVERAGE PRICES

Abia 150.69

Cross River 150.41

Adamawa 149.85

STATES WITH THE LOWEST AVERAGE PRICES

Benue 144.17

Akwa Ibom 143.83

Borno 141.50

Field work is done solely by over 700 NBS Staff in all States of the federation supported by supervisors who

are monitored by internal and external observers.

Fuel Prices are collected across all the 774 local governments across all States and the FCT from over

10,000 respondents and locations and reflect actual prices households state they actually bought those

fuels together with the prices reportedly sold by the fuel suppliers.

The average of all these prices is then reported for each state and the average for the country is the average

for the state.

NBS audit team subsequently conducts randomly selected verification of prices recorded.

266

Methodology


We acknowledge our technical partners, Proshare in the design, concept and production of this publication.

Contact Us

Head Office Address

Plot 762,IndependenceAvenue,Central

Business District,FCT, Abuja Nigeria.

[email protected]+234 803 386 5388

@nigerianstat www.nigerianstat.gov.ng NBSNigeria

7

Acknowledgements

7

Acknowledgements/Contacts


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